The Umm Al Quwain Free Trade Zone (UAQ FTZ) began in 1986 as Ahmed Bin Rashid Port and Free Zone. From 2018, the Ahmed Bin Rashid Port has been operated by Hutchison Ports, one of the world’s leading port operators and is now known as the Hutchisons Ports UAQ. UAQ FTZ is conveniently located within 45 minutes from Dubai International Airport.
Why UAQFTZ ?
Umm Al Quwain FTZ is an investor-friendly, progressive free-zone established mainly to favor SMEs and micro-businesses. UAQ FTZ is a fast-growing logistics and business hub in the UAE with a strategic location. However, UAQ FTZ is relatively new free zone and in the short period of time, it has become one of the most looked up free zones in the region.
Benefits :
The UAQ FTZ offers many financial advantages that includes :
- 100% company ownership
- 0% corporate and personal tax
- 100% capital and profit repatriation
- No currency and hiring foreign employees restrictions
- 100% import and export tax exemption within the free zone
- Simple and fast registration process.
- Progressive and investor-friendly rules and regulations
- Cost-effective leasing options for office space and warehousing.
- Allows Dual Licensing option.
- Full range of business activities permitted
Types of licenses in UAQ FTZ :
An UAQ Free Zone Company can operate under these types of licenses:
- Commercial License :
This license authorises the import, export, distribution and storing of items specified on the license. A commercial license can have three different product lines or 10 similar product lines. Activities includes Plastic Bags & Containers Trading, Acids & Alkalies Trading, Pipes & Fittings Trading, Food & Beverages Trading, Perfumes & Cosmetics Trading and more.
- General Trading License :
This license enables the licensee to trade in a wider range of activities and gives the freedom and flexibility to trade in any commodity which is permitted within the UAE (except alcohol, tobacco, weapons that requires an approval from the concerned Authorities / Municipality).
- Service License :
This license is for service providers. It permits the licensee to carry out the services specified on the license within the free zone, such as logistics, courier, insurance service provider, travel agent, tour services, car rental, and more. UAQ FTZ is issuing a licenses for business consultants like HR Consultancies, Marketing Consultancies, IT Consultants, Accounting Consultancies.
- Freelance Permit :
A freelance license or work permit allows an individual to operate as a freelance professional, and conduct business in one’s birth name as opposed to a brand name or company. It is designed for individuals who operate in technology, media and film sectors, and is issued to talent roles, creative roles and selected administrative roles.
- Industrial License :
The industrial license enables the licensee to import raw materials, then manufacture, process, assemble or package the specified products, and then export the finished product. A physical office or warehouse is mandatory for Industrial Licenses. The industrial licenses are suited to both light and heavy industries that cover IT infrastructure, pharmaceutical, fabrics & textiles, construction, and food.
Legal entities under UAQ FTZ:
- Free Zone establishment (FZE)
- Free Zone Company (FZC)
- A branch of an existing company.
Other facilities in UAQ FTZ :
- Finest Offices :
Well-designed executive offices and co-working spaces are available in the headquarters of UAQ FTZ.
Some features offered by UAQFTZ which includes :
- Independent Office Spaces
- Shared Desks with Modern Amenities
- Custom Lease Terms
- Collaboration Areas
- Top-notch Infrastructure
- Ambient Surroundings
- Parking facilities
- 24-hour security with CCTV
- Leasable Land Plots :
They offer plots of land in different sizes, for short and long-term lease, in UAQ FTZ for companies to construct their own facilities – commercial and industrial. The size of the land plots range from 2500 Sq. m upwards. Clients may choose the sizes based on their specific requirement.
- Warehouses :
UAQ FTZ offers pre-built warehouses for storage and light manufacturing activities. These warehouses, of various sizes, are available on a rental basis and you can also opt for warehouses fitted with an office space.
Some features offered by UAQFTZ which includes :
- Ready to occupy with Road Access
- Heat-insulated roof and door
- Customizable Options
- Proper Safety Machinery
- Superior Amenities
- Electricity and water infrastructure ready, with standard power range of 15 kw to 36 kw
- CCTV
- Labour Accommodation :
It provides a comfortable stay to workers employed by the Free Zone companies and is accessible to all areas of the FTZ without having a motor vehicle requirement and hence supports our cause of ‘walk-to-work’ and reducing carbon footprint.
Documents Required :
- Passport copy of the owner.
- Passport copy of shareholders/directors.
- Proof of home address of the owner/manager.
- Application form.
- Memorandum and articles of association.
- Certificate of incorporation.
- Board resolution and power of attorney.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com